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AXA XL, a prominent division of AXA Group, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Established in 1986, the company has evolved into a leading provider of insurance and pension funding services, excluding compulsory social security services.
Specialising in property, casualty, and specialty insurance, AXA XL distinguishes itself through innovative risk management solutions tailored to diverse industries. The firm is recognised for its robust underwriting capabilities and commitment to client service, positioning it as a trusted partner in the insurance landscape.
With a strong market presence, AXA XL has achieved notable milestones, including significant growth in its global operations and a reputation for excellence in complex risk coverage. Its dedication to delivering unique, client-focused solutions continues to solidify its status as a key player in the insurance sector.
74
DitchCarbon score
+35 vs industry average
Axa Xl’s score of 74 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Axa Xl's reported carbon emissions
AXA XL, headquartered in the US and operating within the insurance and pension funding services sector, has reported its carbon emissions. For 2024, the company's total emissions were approximately 37.15 million kg CO2e, comprising around 911,000 kg CO2e for Scope 1, and approximately 4.05 million kg CO2e for Scope 2 (market-based). Scope 3 emissions accounted for the majority, at about 32.19 million kg CO2e.
In 2023, AXA XL's total emissions were approximately 39.07 million kg CO2e. This included Scope 1 emissions of roughly 764,000 kg CO2e, Scope 2 market-based emissions of about 4.32 million kg CO2e, and Scope 3 emissions of approximately 33.99 million kg CO2e.
Looking further back, total emissions for 2022 were around 26.65 million kg CO2e, with Scope 1 at approximately 1.10 million kg CO2e, Scope 2 market-based at about 4.56 million kg CO2e, and Scope 3 at roughly 20.99 million kg CO2e. In 2021, total emissions were approximately 19.63 million kg CO2e, with Scope 1 emissions around 851,000 kg CO2e, Scope 2 market-based emissions of approximately 3.88 million kg CO2e, and Scope 3 emissions at about 14.91 million kg CO2e.
For 2020, total emissions were approximately 18.75 million kg CO2e, consisting of about 1.64 million kg CO2e for Scope 1, 4.79 million kg CO2e for Scope 2, and 12.32 million kg CO2e for Scope 3. In 2019, AXA XL reported total emissions of approximately 45.79 million kg CO2e, with Scope 1 at about 1.82 million kg CO2e, Scope 2 market-based at around 6.16 million kg CO2e, and Scope 3 at approximately 37.81 million kg CO2e.
In 2018, total emissions were approximately 55.21 million kg CO2e, encompassing Scope 1 at about 2.97 million kg CO2e, Scope 2 market-based at around 7.56 million kg CO2e, and Scope 3 at approximately 44.94 million kg CO2e.
AXA XL's climate commitments include a near-term target to decrease the carbon footprint of AXA’s general account assets by 20% by 2025, with a starting year of 2023. These emissions data are reported for AXA XL, and specific climate initiatives and targets may be cascaded from its parent organisation, AXA SA. AXA XL's reporting indicates disclosed data for scopes 1, 2, and 3, with some missing data points noted for Scope 3 categories such as purchased goods and services.
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Axa Xl’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from AXA SASee details
Active
Carbon Disclosure Project
Inherited from AXA SASign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from AXA SASee details
Not active
RE 100
Inherited from AXA SASee details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Axa Xl11 days ago
74
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